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, but it's also very important to continue to go very actively in this direction. 2013 we'll see elections in germany and in italy. do you think it could lead to some sort of political stand by or quite the opposite, it could speed up the political reshaping in the eurozone? >> first of all, i think that the situation in all countries, you ever responsibility toes be taken and i am not of the opinion that there are divisions in the public opinion in any country in europe that would translate in major changes in the policies pursued. so i am confident that this historical endeavorer which is reinforcing the european union, reinforcing government, fiscal and economic governments will go on and until now, all elections in all countries and we have 17 democracies so you have perchl elections have confirmed the determination of the european to go on and to pursue their, again, historical endeavor. this is something which is very important. ten from new york, ten from, i would say, hong kong and shanghai, in from singapore. you have a difficulty to understand that underlying you have a historica
and you will like it. you know what it reminds me of? elections have consequences. i won. it's not a nice tack to the center where i'm going to govern for all of you. are you coming back? >> i'm going to. >> the jacket is coming off, though, right? >> christmas eve and i'm celebrating. as you know, we had the tree going this weekend with the lights on. >> that's so nice. there's one other thing i sought on that thing over the weekend that you brought us that i was going do -- oh,no. did you see mitt romney did not want to run? >> i saw that. that was in the boston globe. that was a great piece worth reading. then he found out how bad things were going on his ipad. >> yeah. but maybe he didn't want to run because there were times i really kind of thought it looked like he didn't want to run. >> yeah, but towards the end, i thought he did. >> he tried hard. thanks. >> okay. >> come over here. >>> in other news, a dock worker strike on the atlantic and coast could be just days away. port operators have been negotiating with the long shoreman association since march. but the two sides are sai
was seen strict irbefore the elections and hand brought forward the dematte manned that might have been in the future, people wanted to bite hand guns. >> always the case. any time the debate over gun control flares up. >> does the framework of the "wall street journal" piece tell us anything new about best buy, sears? >> for sears, we have seen them cut costs, cut costs, sears and the kmart stores. it seems that this year the reckoning, the kmart operation, people have lost track of that if you send people inside kmart today, i think you basically find a relatively horrifying situation for the average consumer. i mean, really bad stores that haven't been given the proper maintenance budgets that they deserve. for -- is it life or death? no h i think for the kmart part of it, there will be some sort of reckoning. i say life or death maybe moves more into that category for radioshack that stock has just been getting pummeled. tried to adapt themselves as mobile phone retailer and margins getting killed in kind. so i think this year is sort of that moment, someone come in and do an lbo, e
and responsibility to send our elected officials a potent message urging them to come together. poppy harlow recently sat down with schultz. tell us more about what starbucks is trying to do here. >> the timing is certainly spot on, joe, right, as congress comes back in session from the holidays tomorrow. if it they go to starbucks, they'll get the message loud and clear from their barista. this will be will d.c., is this parts of virginia. they will voluntarily where "come together" to urge politicians to get a deal done on the fiscal cliff before the end of the year. and i wasn't very surprised because howard schultz has been very outspoken. we sat down earlier this month to talk about the fiscal cliff and the risks to u.s. businesses, to the world economy and to the average u.s. citizen if we don't have a deal, if we don't get it done. i want you to take a listen to what he fold me. >> the real difference today versus perhaps any other time in history is that this single issue has a seismic effect on the rest of the world, that we have never been as connected and the domino effect of a bad outcome
election when that guy came in who did not take them out of euro to. meet biggest things that happened this year were things that didn't happen. no greece exit, no china hard landing and no u.s. slipping into a recession. therefore, the market has been able to lift. >> the last thing that may not happen is the fiscal cliff resolution, too. that could throw an iron in the fire. we've all got to be mindful of the possible debt downgrade. moody's and fitch are still at aaa and they have been rumbling they might take us down, and i think if s&p goes down a notch, mandy, that's not good for the market. >> the fact that these predictions did not come true i guess show that making predictions -- >> it shows the value of strategists. >> okay. >> it shows the value of vat jists. >> what are you predicting for 2013? >> i think you have to watch things in europe. the big day is the september 11th elections in germany and germany could be harder after the election. in the first half is the sent ceiling discussion and finally profits, personal income and production, if those can do better than the
and sintroduce you to the president. they looked at each other and said yes. 18 years later i got elected to congress and i called reagan's secretary and let me see if i can arrange this. they range did and -- arranged it and mom and kenny came. we went into the oval office and president reagan came over and said, i want to tell you your son is one of the brightest young congressman we have and he is going to do great things. i know you have to wait on tables for 18 years and it worked in a foundry. and danny had to shine shoes. we had those problems in my family. isn't it great we live in a country where you can achieve anything? he had had his secretary called my abbas to find out about me and my family. when i walked data that office, i would have done -- out of that office, i would have done anything for that man. she was so happy and she carried the picture until she died. her favorite actor was ronald reagan. >> a lesson for that about relationships for president is the personal touch? >> it is a big part of it but it was not just a personal touch. he had goals like the strategic de
parochial. they are beyond squabbles. they have a horizon of 8 months to the next federal election in germany, for instance. europe therefore is the sick person of your. -- europe. of the world. meanwhile, the united states of america is ungovernable. you have a system in this country that was created to create this country as an ungovernable state. you have congress, the president canceling each other out. how the president -- whoever the president might be -- do anything? you have china -- finding it impossible to provide a replacement for the demand that the west has done away with. so, i do not have an answer for your question. bewilderment. >> my question is about consumer demand and the extent to which the old system depended on it. if we do not have it to the same degree, could there possibly be a new economy? i cannot know how to say all of these in the right economic terms. i will say what i am thinking and see what you make out of it. its teams like all the economy's got to a point where it had to be based on growth. it could not just be sustainable. it had to grow. and t
anybody, grab them, get them in front of this camera because they are our elected officials and have to answer to our viewers. thank you. let's get right to the markets. it is quite obvious that the markets are being held hostage you could say to what is happening right there in washington d.c. the traders are on the floor watching moment by moment. the new york stock exchange, cme, and the nymex. you just heard the representative. we have to wait for the senate. we cannot do anything into the senate comes out. what i noticed was 12:30 p.m. eastern when it was announced the president was going to speak the markets took off. when the president spoke the moderated and now we're back up and running. what are you seeing and how important is it? >> first of all, let the volume. continues to be low. i think we are getting -- this morning we had a bit of a technical rally. a massive short-covering. people want to go home in case we do is some kind of a deal. liz: but looking at, for example, the nasdaq. this is a decent job of close to two percentage points. it looks like people are at leas
six-party partners. i would like to take this opportunity to sincerely congratulate president-elect park for her victory in south koreaest's hard-fought presidential election. the republic of korea is one of our nation's closest friends in asia. ours is a steadfast alliance forged in the crucible of war. two decades ago, with all eyes on europe, the united states prematurely celebrated victory over communism and an end to the cold war but in 1989, the same year the berlin wall fell, tanks roll spood tiananmen square crushing in a bloody massacre the hopes of the chinese people. while communism was gone in europe it was revitalized in the world's largest nation. pyongyang's missile launch awakens us to a fact that communism still casts a long shadow over asia. the nuclear proliveuation threaten not only our allies in the pacific but our own people as well. in asia the cold war never ended an the united states and south korean forces stand guard together on this last frontier. attempts to engage pyongyang over the past four years have been met with repeated prove cage. the kidnapping
full legislative powers until elections for a new lower house is called within two months. the islamic dominated council is expected to draft a law regulating upcoming parliament free elections. other terms on the agenda mental loss on protests and the media. >> in world news. russian legislators are set to vote today to ban americans from adopting russian orphans. several protesters have been arrested. if the bill has been endorsed by the duma and would be sent to president about the meter pool 10 to sign if the federation council votes for it today. protesters oppose the ban because they believe it will lead to many russian orphans being robbed of a future because there's not enough demand for adoptions in russia. so far, colton has not committed to sign the bill. >> the lower house of parliament has named bay as to japan's new prime minister. the rise of eight bay ends three years at the hem of the left leaning democratic party of japan and brings back the conservative party. a bay was prime minister in 2006 and 2007. and he is expected to name its cabinet later today. >> here is a
there is a new prime minister in japan. he is shinzo abe, the japanese parliament elected him today five years after abe abruptly resigned from the job. he's japan's seventh prime minister in six years. alex reports from tokyo. >> reporter: a remarkable political comeback is now complete here in japan. shinzo abe is once again prime minister, elected in parliament on wednesday following his party's landslide victory in general elections earlier this month. he has now taken the reins and unveiled his cabinet as well, which includes former prime minister aso who is deputy prime minister as well as finance minister. as the 58-year-old abe returns to the top post he vacated in 2007, his to-do list this time is very long. front and center is the economy, which has sputtered along in japan for the better part of two decades and is in recession once again. many will be watching to see how abe handling heightened tensions with china, as the two countries spar over disputed islands, as well as north korea, which defied the international community recently launching a rocket that skirted japanese territ
, other big story today is the continuing yen/dollar/euro data. abe is elected, now he's in power. the bank of japan is going to be meeting january 21 and 22. they're going to raise their inflation target 2%. the yen is at 85 right now. a lot of people are betting it could go to 100. that trade is not yet over. so that is the hot trade that's out there globally right now. number three, i'm pretty optimistic on housing. you saw the numbers on case-shiller, 4.3% increase in october. we're still getting numbers continuing to improve. the levels of affordability are great. mortgage rates remain low. this is one of the bright spots for housing, and will be for the economy in 2013. finally, did you see this amusing story? u.s. government is put on a negative watch by china? by china? the credit rating agency in china put them on the u.s. government debt on a negative rating at this point. negative watch. this, of course, was supposedly independent rating agency created in china to try to rival moody's and s&p and fitch's. that's getting interesting play out there. their independence, of
Search Results 0 to 11 of about 12

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